House amendment #1 makes the following changes to the 1st edition.

Further modifies GS 55-1-40, which sets out the definitions for the Chapter. Deletes the proposed addition of the terms annual receipts and related person. Amends the requirements for a business to qualify as a service-disabled veteran-owned small business to require the business's net annual receipts do not exceed $1 million (previously, required the business's annual receipts combined with the annual receipts of related persons not to exceed $1 million). Makes identical changes to the requirements for a business to qualify as a veteran-owned business. Defines veteran to mean an individual entitled to any benefits or rights under the laws of the United States by reason of service in the US Armed Forces (previously, an individual as defined by GS 143B-1213(3)(b)).

Makes clarifying change to proposed GS 55-16-22(a4). 

Amends proposed GS 55-16-22.2, requiring the Secretary of State to annually report on veteran-owned small businesses and service-disabled veteran-owned small businesses to the Department of Military and Veterans Affairs (DMVA) by March 1 of each year (previously, no later than March 1 of each year).

Amends proposed GS 57D-2-24(a1) and proposed GS 59-84.4(a1), to remove statutory references to definitions.

Amends proposed GS 57D-2-25, requiring the Secretary of State to annually report the summary information on veteran-owned small businesses and service-disabled veteran-owned small businesses to DMVA by March 1 of each year (previously, did not provide a deadline, and instead required the information to be included in the annual report required by GS 55-16-22.2).

Amends proposed GS 59-84.5, requiring the Secretary of State to annually report the summary information on veteran-owned small businesses and service-disabled veteran-owned small businesses to DMVA by March 1 of each year (previously, did not provide a deadline, and instead required the information to be included in the annual report required by GS 55-16-22.2).

Amends GS 57D-1-03 and GS 59-32, which sets out the definitions for the Chapters. Adds the terms service-disabled veteran, service-disabled veteran-owned small business, veteran, and veteran-owned small business to the statute. Defines the added terms identically to those set out in GS 55-1-40 as amended by this act.

Makes clarifying and technical changes to the provision authorizing the Office of the Secretary of State and the Department of Revenue to include an explanation in the instructions of the annual report forms that status as as a veteran-owned small business or service-disabled veteran-owned small business is being requested to assist the State in documenting the importance and impact of the State's military populations.